- Producer prices for HDPE pipe were up 10.0% M/M (up 6.4% last month) and were up 35.0% Y/Y (up 21.8% Y/Y last month). Plastic pipe fittings and unions were up 6.4% M/M (up 2.4% last month) and were up 17.3% Y/Y (up 9.7% last month).
Key factors that could affect supply or price:
- Plastics and resin supplies remain tight as the supply chain works to recover from the deep freeze and surging global demand. Supply chain backlogs are still chronic across the country in many areas and a facility in Mexico is still trying to recover after a significant fire took it out of production.
- Some companies with stable inventories are holding off on reorders until prices ease, many expect that to happen by middle or late summer. Some products, however, could be in short supply until the end of the year.